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POST OFFICE SAVINGS SCHEMES - A READY RECKONER Soham Financial Planners S. No.

1 2 3 4 5 6 7 8 Pre-mature withdrawal Loan Investment type Eligibility restriction? Period Rate of Interest as for Payout financial frequency year 2013-14 Minimum Investment Maximum investment limit Tax deduction on investment? Taxability(Yes/No) Interest Taxability- Maturity Amount Allowed? Penalty? Allowed? Interest rate? National Savings Certificate NIL (NSC) - VIII issue 5 years 8.5% compounded half Maturity yearly Rs. 100 No max limit Yes - under Section 80C Interest accrued is taxable each No year and you can also claim rebate u/s Can 80C be withdrawn after 3 years No subject penalty, to the however, rules withdrawal No is at reduced rates NA National Savings Certificate NIL (NSC) - IX issue 10 years 8.8% compounded half Maturity yearly Rs. 100 No max limit Yes - under Section 80C Accrued interest each year is taxable No and also allowed u/s 80C Can be withdrawn after 3 years No subject penalty, to the however, rules withdrawal No is at reduced rates NA Public Provident Fund Only (PPF)Individuals can invest 15(not years HUF) (effective 168.7% years)+ (monthly extension interest of Maturity 5 years credited block yearly) Rs. 5 but there should be Rs. a deposit 1,00,000 minimum per yearof per Rs. person Yes 500-in under a financial Section year 80C Exempt No Yes, from 7th financial year from No the year of a/c opening Loans are allowed from 3rd - 5th financial year Monthly Income Scheme NIL 5 years 8.4% p.a. (compounding Monthly not applicable) Single A/c- Rs. 4.5 lacs/ joint NoA/c- Rs. 9 lacs Taxable No Yes (after expiry of 1 year) 1-3 years: 2%, More No than 3 years= 1% NA Recurring Deposit NIL 5 years - can be extended 8.3% every p.a. (compounded year (upto Maturity max. quarterly) 5 years) Rs. 10 per month or any amount No Limit in multiples of Rs 5 No Taxable No Yes (one withdrawal after 1 year NIL - upto 50% of balance as on that No date) NA Time Deposit NIL 1/2/3/5 years 1 year- 8.2%; 2 year-Annually 8.2%; 3 year- 8.3%; Rs 5 year200 and 8.4% in(compounded multiples thereof. No Limit quarterly) Yes - only 5yr TD scheme qualifies Taxable for a tax deduction u/s 80C No After 6 months Money paid out will be at the rate Yes of interest as reduced by 2% Savings Bank account NIL Running a/c 4% p.a. For Single / Joint Running accounts a/c Rs 20 Single A/c- Rs. 1 lac/ Joint A/cNo Rs. 2 lacs Exempt upto Rs. 3500 for single No account and Rs. 7000 for joint account Not applicable - as it is a running NA account NA NA Senior Citizen Savings Scheme Individual (SCSS) must have completed 5 years (one 60 years/ time 55 extension years 9.2% in p.a. allowed case of retirementNRIs for 3Quarterly years) and HUF Rs. cannot 1000 invest Rs. 15 lacs Yes, under Section 80C of Income Taxable Tax Act No Yes (after expiry of 1 year) Between 1-2 years - 1.5% After 2 years - 1%

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Other features A/C can be opened by an individual, minor or on behalf of a minor. A/C can be opened by an individual, minor or on behalf of a minor. read our complete post on Public Provident fund here: http://sohamfp.com/public-pr Joint account allowed Nomination allowedTransferable account from 1 post office to a Joint account allowed Nomination allowedTransferable account from 1 PO to anotherC Joint account allowedNomination allowedTransferable account from 1 PO to anotherC Joint account allowed, Nomination allowed, A/c can be transfered from one PO to ano Joint a/c can be opend with spouse only and first depositor will be the investor.Transfe